If Inflation Is a Major Issue in the Economy, What

question 91

Essay

If inflation is a major issue in the economy, what would be the correct fiscal policy response from an economic perspective? Why would members of Congress be unlikely to support such actions?

---

Definitions:

Elaborative Rehearsal

Association of new information with already stored knowledge and analysis of the new information to make it memorable.

Maintenance Rehearsal

A cognitive process involving the repetition of information to keep it within working memory or to store it in short-term and eventually long-term memory.

Long-term Potentiation

A process involving the strengthening of synapses based on recent patterns of activity, which plays a key role in the formation of memories.

Associating New Items

The cognitive process of linking new information with existing knowledge.